Category Archives: FCRA, TAX, LEGAL

Foreign Contribution Regulation Act

New Detailed guidelines for Opening of designated FCRA ‎Bank A/c

Posted on October 29, 2020 by SRRF

As per the latest FCRA Amendment 2020 came into force for mandating specified branch namely SBI, New Delhi Main Branch, Sansad Marg, Delhi- 110001 for maintaining FCRA Designated Account. ‎ SBI, NDMB now created a designated FCRA cells to handle … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Allocation of Expenses under FCRA as amended

Posted on October 17, 2020 by SRRF

Dear Sir, I attended your Webinar session and it was very good and you clarify many of queries. I still have some specific query it will be great if you can reply to me. In the staffing cost of our … Continue reading →

Posted in FCRA, TAX, LEGAL | 4 Comments

Clarifications re Existing Designated Account

Posted on October 14, 2020 by SRRF

From today we start a series on common quries being raised by several NGOs to help better understand of resent FCRA changes One of the queries is, if NGOs can receive funds in their present FCRA Designated Account (let’s call … Continue reading →

Posted in FCRA, TAX, LEGAL | 12 Comments

Extention for Opening of FCRA Bank A/c

Posted on October 13, 2020 by SRRF

SBI Parliament Street Account can be opened by 31st Mar 2021(based on FCRA Public Notice dt 13-10-2020) Realising the practical problems for thousands of NGOs to open bank account, overnight in Parliament Street Branch, Govt has now given extension to … Continue reading →

Posted in FCRA, TAX, LEGAL | 2 Comments

SRRF’s FCRA 2020 Amendment Webinar

Posted on October 12, 2020 by SRRF

SRRF’s FCRA 2020 Amendment Webinar Saturday, 10th October 2020 Timing: 3:30 p.m. to 5:00 p.m. Topic Presenter Reference Material – A brief presentation will be made on changes brought under the Act and latest update on the same. –This will … Continue reading →

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FCRA Amendment 2020 – Implemented EFFECTIVE – 29 Sept ‎‎2020‎

Posted on September 30, 2020 by SRRF

Govt. has shown un-characteristic rush to get FCRA implemented. It has notified the FCRA Amendment Act 2020 and made it effective from 29th September 2020. The short Notification SO 3395(E) dt. 29th September 2020 reads: In exercise of the powers … Continue reading →

Posted in FCRA, TAX, LEGAL | 11 Comments

Prior Permission for Receiving Foreign Grant

Posted on September 28, 2020 by SRRF

Dear Friend, Thank you for giving information about amendment of FC rules 2020. I request you to let me know how a rural Trust in Sundarban area can get prior permission for receiving foreign grant for health services. With best … Continue reading →

Posted in FCRA, TAX, LEGAL | 3 Comments

FCRA Amendment 2020 – Likely Impact

Posted on September 21, 2020 by SRRF

Govt has introduced amendments in FCRA through FCRA 2020, which are likely to have a major impact on the way the NGO Sector works.  Major changes with brief description is as follows: ‎No transfer of FC to Public Servant: Addition … Continue reading →

Posted in FCRA, TAX, LEGAL | 12 Comments

Govt. proposes to postpone compulsory renewal of S.12AA & S.80G to 1-4-2021

Posted on September 19, 2020 by SRRF

Govt has introduced a bill in Lok Sabha yesterday (18 Sep 2020) to postpone compulsory renewal of S.12AA & S.80G renewals to 1st April 2021. This will be a temporary relief, Govt has initially planned it effective 1st June 2020 … Continue reading →

Posted in FCRA, TAX, LEGAL | 1 Comment

Is FCRA prior permission needed for grant from a company?

Posted on September 16, 2020 by SRRF

Dear Members, I have a query under Foreign Contribution (Regulation) Act, 2010. A company whose business is to provide low cost greenhouses to small and marginal farmers has received grants from a foreign Bank. The nature of the amount received … Continue reading →

Posted in FCRA, TAX, LEGAL | 4 Comments